- ACME Lithium (OTCQB: ACLHF) announces a 3:1 share consolidation and renaming to 'Surface Metals Inc.'
- The consolidation will reduce outstanding shares from 77,972,727 to approximately 25,990,909, effective April 28, 2025, with a new trading symbol 'SUR'.
- The company acquires a 90% interest in the Cimarron Gold Project in Nevada, featuring significant historic gold drill results.
ACME Lithium Inc. (OTCQB: ACLHF) has revealed significant corporate changes, including a 3:1 share consolidation and a rebranding to 'Surface Metals Inc.' This strategic move will see the outstanding shares decrease from 77,972,727 to approximately 25,990,909. The changes are expected to take effect on April 28, 2025, with the company's trading symbol shifting to 'SUR'.
Alongside the consolidation and renaming, ACME Lithium has signed an agreement to acquire a 90% stake in the Cimarron Gold Project in Nye County, Nevada. This project consists of 31 unpatented lode mining claims featuring historical drilling results with high-grade gold intercepts, such as 11 meters at 4.46 grams per tonne (g/t), 23 meters at 4.49 g/t, and 46 meters at 3.94 g/t. Although currently non-compliant with NI 43-101 standards, an historic resource estimate suggests the presence of approximately 50,000 ounces of gold.
The Cimarron Gold Project is strategically situated near prominent gold trends and the Kinross Round Mountain mine, known for producing over 15 million ounces of gold. With drill-ready targets and existing infrastructure access, this acquisition positions ACME Lithium to advance its exploration efforts significantly.
